New York Sues to Dissolve Donald J. Trump Foundation

New York Sues to Dissolve Donald J. Trump Foundation

New York Sues to Dissolve Donald J. Trump Foundation

New York's new attorney general Barbara Underwood is suing President Trump and his children, alleging they are guilty of violating campaign finance laws with the Donald J. Trump Foundation.

The lawsuit also accuses Mr. Trump of using the foundation's charitable assets to pay his legal bills and promote Trump businesses. The suit seeks $2.8 million in restitution and the dissolution of the foundation.

The lawsuit deepens the legal woes of the president, adding to U.S. Special Counsel Robert Mueller's investigation of his campaign, a federal investigation in NY of his longtime lawyer Michael Cohen, and civil suits related to hush-money deals signed on his behalf. Trump allegedly used the Donald J. Trump Foundation to pay off creditors, settle legal disputes for his businesses, and, in one case, buy a $10,000 portrait of himself.

President Donald Trump's charitable foundation has persistently broken state and federal laws with improper political activity, self-dealing and failing to follow basic fiduciary obligations, NY said in a lawsuit seeking to dissolve the organization.

The foundation could not immediately be reached for comment.

A section of the New York State lawsuit against the Trump Foundation
A section of the New York State lawsuit against the Trump Foundation

"In 2016, the board knowingly allowed the foundation to be coopted by Trump's presidential campaign", the suit says.

Underwood was promoted to attorney general a fews weeks ago, succeeding Schneiderman after he resigned following allegations that he had physically abused several romantic partners.

"Schneiderman, who ran the Clinton campaign in NY, never had the guts to bring this ridiculous case, which lingered in their office for nearly 2 years". Trump's oldest children - Ivanka Trump, Donald Trump Jr., and Eric Trump - are also named in the lawsuit because as board members, they were legally required to make sure funds weren't being misused. Now he resigned his office in disgrace, and his disciples brought it when we would not settle, ' he wrote. She also asked that Trump be banned from heading any other nonprofits in NY for the next decade.

The president had already paid more than $330,000 in reimbursements and penalty taxes since 2016. Underwood said she has sent letters to the Internal Revenue Service and Federal Election Commission for further investigation.

But the foundation could not legally dissolve while it was under investigation, the NY attorney general ruled.

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